Analog Devices, Inc. (ADI) Upgraded to Hold at BidaskClub

Analog Devices, Inc. (NASDAQ:ADI) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $97.00 price objective (up previously from $95.00) on shares of Analog Devices in a research report on Thursday, June 1st. Drexel Hamilton reissued a “buy” rating and set a $105.00 price target (up previously from $93.00) on shares of Analog Devices in a research report on Wednesday, May 31st. B. Riley reissued a “buy” rating and set a $103.00 price target on shares of Analog Devices in a research report on Tuesday, May 30th. Credit Suisse Group reissued a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Friday, May 26th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Monday, May 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $89.92.

Analog Devices (NASDAQ ADI) opened at 77.56 on Wednesday. Analog Devices has a 12-month low of $59.01 and a 12-month high of $90.49. The stock’s 50 day moving average price is $79.05 and its 200-day moving average price is $79.81. The stock has a market capitalization of $28.47 billion, a PE ratio of 29.71 and a beta of 1.30.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.18. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Analog Devices had a return on equity of 19.39% and a net margin of 20.88%. The business’s revenue for the quarter was up 41.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 earnings per share. Analysts expect that Analog Devices will post $4.37 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This article was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://www.com-unik.info/2017/08/18/analog-devices-inc-adi-upgraded-to-hold-at-bidaskclub.html.

In other Analog Devices news, SVP Margaret K. Seif sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $81.54, for a total transaction of $244,620.00. Following the sale, the senior vice president now owns 20,404 shares in the company, valued at $1,663,742.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Peter Real sold 4,505 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $80.07, for a total value of $360,715.35. Following the sale, the senior vice president now owns 13,531 shares in the company, valued at approximately $1,083,427.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,086 shares of company stock worth $5,202,514. Insiders own 1.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC boosted its stake in shares of Analog Devices by 0.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,753 shares of the semiconductor company’s stock valued at $283,000 after buying an additional 11 shares during the last quarter. Pathstone Family Office LLC boosted its stake in shares of Analog Devices by 75.0% in the second quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock valued at $1,557,000 after buying an additional 15 shares during the last quarter. Pitcairn Co. boosted its stake in shares of Analog Devices by 0.6% in the second quarter. Pitcairn Co. now owns 4,719 shares of the semiconductor company’s stock valued at $367,000 after buying an additional 30 shares during the last quarter. King Luther Capital Management Corp boosted its stake in shares of Analog Devices by 0.9% in the first quarter. King Luther Capital Management Corp now owns 3,722 shares of the semiconductor company’s stock valued at $305,000 after buying an additional 32 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its stake in shares of Analog Devices by 1.4% in the second quarter. CENTRAL TRUST Co now owns 2,365 shares of the semiconductor company’s stock valued at $184,000 after buying an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Analog Devices Company Profile

Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

Analyst Recommendations for Analog Devices (NASDAQ:ADI)

What are top analysts saying about Analog Devices Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Analog Devices Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit